India will remain to be the fastest-growing economy this year clocking a growth rate of 7.2 per cent in 2019-20, despite risks of a global slowdown, financial markets and crude price volatility, according to the Reserve Bank of India governor Shaktikanta Das.
He called for greater co-operation among emerging market economies on all fronts which will help them be better off in this uncertain environment.

Beleaguered Indian airline Jet Airways has suspended all international operations amid its continued financial struggles. The suspension is currently planned until Monday when airline officials will be meeting with lenders to attempt to secure more funding.

Hours after US President Donald Trump announced his decision to end preferential trade treatment for India, the government today said that the move will not have a “significant impact”. India currently enjoys duty-free entry for upto $5.6 billion worth of its exports to the US, under what is known as the Generalised System of Preferences or GSP.

On the basis of a complaint by one of its Directors Anil Sutar, Intellicity Business Park Pvt. Ltd is likely to soon face the ministry of corporate affairs (MCA) probe as the builder company is alleged to have siphoned off funds. The ministry has started a preliminary investigation into the builder’s books. The report is expected soon.

The Supreme Court bench of Justices R F Nariman and Vineet Saran has held Anil Ambani, Chairman of Reliance Communications, guilty of contempt of court for defaulting payments to Ericsson as per the undertaking given to the Court.

The much anticipated interim budget 2019 — Prime Minister Narendra Modi’s last of this term — is finally out. Presented on Friday in the parliament by finance minister Piyush Goyal, Budget 2019 offers many sops for middle classes and farmers. Here are the 10 most important takeaways from budget 2019.

The GST collections in January rose to Rs 1.02 lakh crore, the second highest monthly mop-up after April. This is a significant increase from the collection of Rs 94,725 crore in December 2018, and 14 per cent higher than January 2018 collection of Rs 89,825 crore. The total number of sales return or GSTR-3B filed for the month of December up to January 31, 2019 is 73.3 lakh.

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Prime Minister Narendra Modi addressed Bharatiya Janata Party (BJP) workers at the party headquarters in New Delhi on Thursday after storming back to power. The BJP-led National Democratic Alliance (NDA) is headed for a comfortable majority in the 17th Lok Sabha as election trends show that the BJP is likely to cross the 300 mark on its own and the NDA may bag over 350 seats – a party or alliance needs 272 to form government.

Prime Minister Narendra Modi on Wednesday exuded confidence about victory in the ongoing Lok Sabha elections, and promised he will bring a fresh “Vikas ki Ganga” to Bihar during his next tenure.
He also said terrorists should be beaten like “ghosts who are driven away after being caught by the tuft of hair”, and accused the Congress-led opposition of trying to downplay the issue of national security despite numerous lives lost in terror attacks.

Referring to violence during the BJP President Amit Shah’s rally in Kolkata on Tuesday, Mamata Banerjee said that what happened there was worse than the violence that took place in the aftermath of Babri Masjid demolition in 1992.

The Union minister for road transport and highways, water resources and river development said, “The BJP will win more seats than the 2014 general election and Narendra Modi will again be the prime minister. “Gadkari claimed that what the Congress could not do in 50 years, the BJP had done in five years.

Attorney general KK Venugopal sought four weeks’ time to file the Centre’s reply. The bench, headed by Chief Justice of India (CJI) Ranjan Gogoi, directed the government to file its reply by May 4 and posted the matter for hearing on May 6.